Health IT firm, Blue Cross group to buy NaviNet

Mass High Tech / Boston Business Journal, February 15, 2012

Venture-backed health information technology firm NaviNet has agreed to be acquired by a consortium that includes fellow HIT firm Lumeris Corp., and three Blue Cross Blue Shield health insurance plans. The deal is a example of what could be a coming wave of alliances between health plans and health information technology firms, as insurers increasingly seek to use health data to support better-quality and lower-cost care. The financial terms of the deal were not disclosed.